Monday, June 24, 2019
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Which are the Popular Cryptocurrencies for Gambling?

When the cryptocurrency and Bitcoin mania initiated, there was initially some repulsion from the mainstream offshore sports books. However, in the past several years, every online sports book offering services to Americans has been accepting Bitcoin s mode of cash. It would not be wrong to suggest that a majority of them have various other kinds of cryptocurrencies available with them.

Benefits of Bitcoin over fiat currency

You would come across numerous benefits of Bitcoin over fiat currency in the online gambling arena. A good example would be there are no issues with funds being lost or frozen because of government seizure. Transactions made using cryptocurrency would be relatively cheaper to process. It would also be hassle-free, as compared to bank wire transfers, credit cards, money transfers and online eWallets. It has been deemed the most popular mode of payment in regulated BitcoinGames arena.

A majority of people have been of the opinion that wide popularity of cryptocurrencies saved offshore sports betting. However, let us not delve on to that path. It would be pertinent to mention here that cryptocurrency has definitely helped the industry largely, especially when it comes to payout and cost speeds for both online sports books and bettors.

Popular cryptocurrency for gambling games

In the present times, every online sports book allowing Americans to play entails Bitcoin as a cash option. With respect to other available currencies, it would be a hit or miss. Bitcoin, Litecoin and Ethereum Cash have become highly popular in the crypto games arena. There have been several others made available and accepted by portion of online sports books.

You would come across thousands of alternative cryptocurrencies. The wide list accepted by sports books might expand, as they would become more and more common in the current times.

Bitcoin sports betting

The BTC or Bitcoin started the cryptocurrency revolution. It has still widely popular as a common cryptocurrency having highest rate of acceptance at online sports books. It has been highly popular and preferred cashier option for online sports books and bettors.

Ethereum sports gambling

ETH or Ethereum has been one amongst the several big cryptocurrencies made available in the present times. It has been ahead of most cryptocurrencies tech wise that have been widely accepted online sports books.

Other available cryptocurrencies

Despite the aforementioned coins being highly popular in the market, the list does not stop here. A majority of sports books accepts more than 30 cryptocurrencies, usually altcoins.